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Everything dies from old age - even expansions

Published Mon, Feb 22, 2016 · 09:50 PM

Washington

AT HER most recent press conference in December, Federal Reserve Board chair Janet Yellen had this (abbreviated) exchange with ABC News reporter Rebecca Jarvis.

Ms Jarvis: Historically, most economic expansions fade after this long. How confident are you that our economy won't slip back into recession in the near term?

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